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After Yesterday's Decline of 2.71%, Illumina Inc Offers Investors Better Value

By Shiri Gupta

Illumina Inc (NASDAQ:ILMN) traded in a range yesterday that spanned from a low of $284.57 to a high of $290.00. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $288.64 on volume of 400,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Illumina Inc on July 12th, 2019 by issuing a Downtrend alert when the shares were trading at $308.20. Since that call, shares of Illumina Inc have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Illumina Inc has traded in a range of $207.51 to $381.00 and is now at $284.70, 37% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders illumina inc

Ticker(s): ILMN